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What is going on, someone bought 15% of the company. There arent any employees that I know of. Are they trying to buy the shell?
How can David Collins come out and say he owns more than 50% of the company. He has never disclosed any major holding. Arent you supposed to disclose holdings above 5%. Even if he bought every share that traded in the past 3 years he would not own this much. ANd what ever happened to the loan from the company to Collins? Did he use it to buy these shares? Did he ever pay it back? How about giving your shareholders some money! If the company has extra cash they should buy back shares in the market. THis company should be easily trading at $2 a share.
What are you buying, they have no products, no employees, no management, and no communication for months. THere is nothing there!
I would think this is a simple negligence and lack duty to perform issue for the SEC that would at least disqualify any director of this company from ever holding a position in any publicly traded company in the future. Not only have they not filed the proper forms to allow them to stop filing financials, but they have not communicated issues of governance (CEO leaving) , major financial demands (financier demanding payments beyond their capability to pay), and selling at least 90% of the companies revenue producing assets without disclosing this. So there are people trading a company that has no revenue nor products of value not staff for all we know and obviously no management. I would like to know, have all the debt demands been satisfied? what is the market value of securities of what is left (net of debt and payables) Are there any products remaining? IS there anything worth buying for 40,000.
Any chance they will release some sort of financial statement as required by law at the end of April?
Inergetics.com is not even operational. They must have not paid the bill. The other sites are up
probably dead until they decide to tell us something good! Not sure how they are not selling a couple million a year: lots of products, lots of distribution.... if they can make a few dollars they would be worth more than 80k.
Pretty sure they are required to file financials by April 15. They might not have to file them with SEC but they do have to disclose to shareholder where they stand. But considering managements contempt for shareholders, don't hold your breath.
Is there still a requirement that an audit be performed and at least a minimal level of disclosure made by April 15? I own another company that stopped communicating but every April I get a short letter stating the balance sheet and some income numbers.
Instead of just asking "do you have shakes, are they made by inergetics, are they good. It might be better to know, "how much are the shakes, how much is a cannister from inergetics, How many shakes can be made from one canister, How many shakes a day do you sell. If inergetics get 10 cents a shake and they sell 10 a day at 50 stores, that is $50 a day, @4600 a quarter, not worth the phone call. But if they make 50 cents each and they sell 100 a day then we are talking some big numbers, $180,000 per quarter for one product!
They have had an agreement with MMG for a longtime. And it looks like they have more products coming out. But nothing ever seems to make it to the bottom line, let alone the top line. They have Surgex (they seem to have cut back on their offerings), Bikini Ready, Om Essentials (lots of products), Slim Trim, Vitamin Whey, Intrinsix. And a few lifestyle websites. Yet their revenue is pathetic if not down, last time they released them. Seems that they hint at launching even more products that never materialize, NuLeif, Shake Chef, I thought there was another Vitamin Way that seems to have disappeared.. Then there were the products that failed, MS essentials, and lots of SUrgex bars and add on skus. Also there never seemed to be a problem selling into big retailers, Akins, Bi-Lo, Cardinal Health, Drug Emporium, Fruth Pharmacy, H-E-B, Harmon, Harris Teeter, Harveys, Ingles, Lewis Drugs, Meijer, Navarro Pharmacies, Price Chopper, PriceSmart, Schnucks, ShopRite/Wakefern, Weis Markets, Whole Foods and Winn-Dixie as well as leading e-tailers such as Amazon, Bodybuilding.com, Bulu Box, CVS.com, drugstore.com, iHerb, LuckyVitamin.com, Swanson, Vegancuts.com, Vitacost and Zulily. . But lately this has gone quiet, Did their salesman quit? Are they expanding? What happened to their social media girl, she was supposed to be a star, now they have been looking for an intern and have not found one. The websites are stale. And what about their Stratgic partnership with Terra Tech, and the product distribution through Blum Dispensaries. Too many unanswered questions. THis company on paper is worth $20m, but in reality you cannot trust anything on the website or in the press releases. And now they hide behind the low share price to keep us all in the dark.
Does anyone know what happens when someone does a study to prove the efficacy of a naturally occurring substance. Can they get FDA protection?
How many shares are outstanding? 800m? THen 400m would control the business. How many shares are on this board and want answers. Could we pool our holdings, takeover the company? Get in and find out what is going on. Then we might need some money to right the ship but we could fire some deadwood. I am at 157k shares. Pretty small but I got in a long time ago. I saw someone with 40m. If this company is really selling their products at a profit might it be worth at least a million? That is .0013, pretty good return.
that makes no sense.
and FWIW, the commission to sell at this point is larger than my holdings. Maybe some day I can pay my broker to sell my shares. I would love to see a big pop, but have lost confidence that management is trying to be a real company that files financials and delivers what they state. I wouldn't be surprised to see a white night offer .0004 cents a share, buy everyone out, only to find out it is Kras's brother inlaw. If it is worth what you think why not get together 4 or 5 friends together and buy 51% for 80k, you will be worth millions soon.
I agree that if it is selling products, then it is worth much more, but without filings there is no substantiation. Without filings they cannot raise any more money, and it will take a while to grow with the current cash flow.
I find t funny that you talked to a guy in the Bikini ready department, and that you think he probably would not know anything about the filing. How many people do you think work here? I think the number is very small (lower than 20, if not 10) I would hope everyone there knows what is going on. You were probably talking to Kras unless he is still skiing.
Must be nice to be off skiing when your company is shafting their shareholders.
Then on 10/6 they made another similar announcement and the stock dropped on the day. Without financials they are dead, no one but you and some very trusting newbies (to this stock) will trust anything this company says without seeing results. You mhgt get lucky and get a quick rally, but be fast and get out, the volume will dry up fast.
News doesn't work like it used to. they lied too often. Would you beleive them if they said they are talking to a big investor? or if they launched another new product. They already have 10 products and no growth, no real revenues, no margins, no profit. Show me the money...
I wanted to buy some Surgex and other products, but will not until they resolve their reporting issue. I can just see them charging my credit card then filing for bankruptcy before sending my product.
I think they did have the CBD pills manufactured. I bought them through OMEssential. I have the bottle still. So I hope they recovered their costs because they were not cheap. And they might have helped my neck/shoulder pain.
Does the insiders of such a small company still have to file their holdings and sales? I never saw any disclosure and $300k must have been over the threshold.
And, as far as the other products, don't they have some sales? I would expect at least 2-300k for the quarter.
no news, does this mean we need to wait another week? Has anyone driven by the offices, and is there anyone there? How can they have so many products and so little activity.
has anyone tried to buy these products (surgex or vitminWhey or bikini ready or anyothers) at HyVee or Meijers or Grocery Outlet, Winn Dixie? They are not available or very hard to find on the respective websites.
no, that was a joke. But they are MIA, cash must be close to zero, and there seems to be nothing left but memories.
they didn't lose our money, they used it to pay themselves! I think I lost more as a percentage than most, but only had a few thousand invested.
THey used to be able to get the financials done 5 days late. Now they cannot even do that. How many SKUs do they have? How many stores? Even the potential for MMG should have a bigger market cap than this whole company! does anyone know if they actually do sell shakes through MMG or was that a scam too.
THe good news is they did not post earnings on a Friday after the close. Maybe they are good, and they will wait for Monday or Tuesday AM.
I dont see any trading or any activity at all, has it moved to a different name or board. Never has a stock in such bad condition and not declared dead. You don't go from millions a day to 0.
an anyone tell me what is going on? I don't see any trading. Is it over? What about the financeals?
http://vitanetonline.com/description/P600951/vitamins/CBD-25mg/
I don't think they are pushing Nulief but it does look like Omessentials has a very similar product. I bet it is the same product just a different package. But you cannot find this on the Omessentials webpage. My guess is they ran into legal problems and decided to push the product out another channel, un-promoted.
I bought this months ago, and did not take it as a supplement as suggested, but have tried it to relieve severe nerve pain in my neck/shoulder, I think it worked or at lest the pain went away completely within 2 days (some reduction immediately), it usually takes much longer for this pain to go away. I am waiting for the pain to come back to try it again. Not a cheap product but if it did work on the neck pain it was well worth it.
I saw that, but if MSE only accounted for $249k in the drop, then the other products saw a $50k drop in sales, close to 20%, they need to grow. Anyway, we should have fresh numbers soon.
FYI, I believe they should be selling more, I want them to succeed, I have used some products with great success.... But I look at numbers, unfortunately I bought in way too high, Whne there was great potential as well, and I cannot try to recoup the loss after so many quarters of disappointment.
I don't have to prove if the products sell, look at the numbers.
284k sold as of march 31 10q, 200k as of June 30.
THis is a run rate of 800k, but going in the wrong direction.
Even at a Market cap of 1X sales this gives a stock price of .0004 if they could make money on these sales. They are out of money, and losing money every day, as of the last 10q.
If you look at it from a company/product depth perspective
Surgex
OmEssentials
Bikini Ready
SlimTrim
Muscle Maker Grill (only in 50 outlets)
Vitamin Whey (new)
Each line with multiple formulations, applications, uses.
They are in a large number of stores, they used to say close to 15,000 retail stores (not sure if they are in Walgreens anymore after MSE) and many online retailers as well as their own website.
When you look at total sales per day, $2200, spread over at least 4 brands last quarter, 550per day per brand. Even at 1000 outlets that is 55 cents per day, per outlet per product. at 10,000 outlets is it 5 cents per day. Even at a highly discounted wholesale price, I do not see a lot of restocking! If they are to survive they need to show sales growth, not continued declines. I hope I see improvement, but missing the deadline does not make me feel good. If they do show growth I will buy more, otherwise I will sit and watch it sink. A company this small with potential should be showing 50-200% growth per quarter.
But then again, it looks like most people buying here (on this board) are not looking for a rebound in the company, just a bounce in the stock price, and I get that. But it is a gamble.
I hear these anecdotes often, "the product is great" "they are restocking often" but where are the revenues? 1000's of retail outlets, lots of products, very little revenue? Prove me wrong please.
I tried to buy some surgex product this Spring and it was not available on their own website. I don't see any stores in the Northeast.
usually, they get out a PR saying they missed the filing deadline! THey can't even file their paperwork on time. Sure they have products in lots of retail outlets, and they might be great produts, but no one is buying them and management is not selling them or promoting the brands. Just a little momentum would help.
THey keep adding products but total revenue keeps falling.
Looks like they will miss their filing deadline, again. How hard is it to track sales on such a small product base. The only way this will start to go up is to have sales grow. If they blow I again this quarter we remain at .0002 until they start to penetrate their markets. They cannot survive on a 800k run rate as of last quarter. With all of the outlets, lots of retail contracts, lots of products, internet with Surgex and Bikini Ready and many other brands and their shakes at MMG and soon to have Shake Chef? I would expect far more sales than $2200 a day. You might get a big jump in price one day or another, but you are also a PR away from insolvency without those retail sales.
In the meantime the company is cash starved and forced to dilute at ridiculously low stock prices. SInce I started following this 3years ago, they have added MSE, OM essetials, MMG, all the Surgex brand extension, Whey, Gummies, Bikini ready, Slimtrim? and a few others, and the sales have all but stalled (gone in reverse since the original launch of MSE). We will see shortly. But they are toast if they cannot grow the top line.
from Yahoo news right after the launch
Inergetics' Nulief™, The First Branded Cannabinoid (CBD)-based Nutritional Supplement Now Available At Blum Dispensary, Oakland, CA
Dispensary Distribution is a Key Step in Company's Strategy to Deliver its Farm to Formula™ Vision
.
PR Newswire
Inergetics, Inc.
April 28, 2015 9:00 AM
NEWARK, N.J., April 28, 2015 /PRNewswire/ -- Inergetics,Inc. (NRTI), a world-class developer of NSF® Certified nutritional and consumer health products, announced today the availability of Nulief™, a branded nutritional supplement offering the holistic benefits associated with Cannabidiol (CBD) at Blum Dispensary.
I find it interesting that it was assumed that the partnership with Terra Tech meant distributing Nulief at the Blum dispensary in Oakland
Ronk, I don't think there were any assumptions about the Blum distributorship due to a trtc affiliation. I remember clearly there being a PR from Inergetics stating that Nulief was available at Blum.
they must be using an abacus to do their accounting, pathetic. How long does it take to account for such pathetic sales. They should know their numbers by the 15th afer the quarter.
CN,didn't they say Nuleif was available at some Dispensary in Oakland CA? I don't think any product ever made it to the place. Frauds! 30,000 retail outlets, 10 products, but I bet revenues are less than 300,000. Less than a dollar a product per store. They could sell more with a late night infomercial.
I wish management would show some balls and buy shares at this price. A meager $10,000 would buy 5% of the company. obviously no conviction shown by management. $100k would buy controlling interest, and with volume lately it would take a week to accumulate.